Circle to buy Tazapay for $400 million in stock, adding over $25 billion in annualized payment volume

Circle is set to acquire Singapore-based cross-border payments infrastructure firm Tazapay for $400 million in stock, according to a Tuesday regulatory filing. For PSPs and high-risk merchants, the interesting part is not just the price tag: Circle is buying into banking relationships, local payout rails, and a network that already covers more than 100 markets.

1. Circle said Tazapay brings more than $25 billion in annualized payment volume, along with more than 60 banking and fintech partners and payment rails covering over 100 markets. Circle also said roughly 60% of that volume already includes stablecoins.
2. The deal is expected to close in 2027, subject to closing conditions and regulatory approvals. It must obtain approval from the Monetary Authority of Singapore.
3. Circle co-founder and CEO Jeremy Allaire said stablecoin settlement is becoming “core infrastructure in the global economy,” and that combining USDC with Tazapay’s banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption.
4. Tazapay and Circle first formed a partnership last year, and Circle was the lead investor in Tazapay’s Series B funding last year. Circle’s senior vice president of payments, Irfan Ganchi, said the acquisition extends Circle’s coverage “to move money anywhere stablecoin payments are being adopted globally.”
5. Circle said the transaction is one of its largest-ever and comes two months after the Office of the Comptroller of the Currency gave an unc

For operators building payout or settlement stacks in high-risk verticals, the practical takeaway is that Circle is turning USDC from a token into a distribution layer tied to banking access and local rails. If this closes, Tazapay’s reach across 100+ markets and its existing institutional base become part of Circle’s sell to merchants and PSPs that need cross-border movement without relying on a single corridor.